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  • Consequences of Failure to Announce

    • TMA-2.18.9

      [This Paragraph was deleted in October 2019].

      Deleted: October 2019

    • TMA-2.18.10

      If the offeror is unable to comply with any of the requirements of this Section, within the time limit granted, the CBB shall have the right to request the licensed exchange to suspend dealings in the offeree company's shares and, where appropriate, in the offeror's shares until the relevant information and documents are provided.

      Amended: October 2019

    • TMA-2.18.11

      If an offeror has been declared unconditional as to acceptance, but the offeror fails to comply with any of the requirements of this Section by the close of trading at the licensed exchange in Bahrain on the relevant day, the CBB shall have the right to grant the acceptors the right of withdrawal from the offer.

      Amended: October 2019

    • TMA-2.18.12

      This right of withdrawal may be terminated not less than 8 days after the relevant date in the case that the offeror confirms that the offer is still unconditional as to acceptances and complies with this Section.

      Amended: October 2019